Colorado Car Sales Practice Test 2026 - Free Car Sales Practice Questions and Study Guide

Question: 1 / 400

What is the maximum allowable late fee under Colorado law for vehicle sales?

It cannot exceed $10

It cannot exceed $25

In Colorado, the maximum allowable late fee for vehicle sales is set at $25. This regulation is designed to protect consumers from excessively high fees that could arise from delayed payments, ensuring they are charged a reasonable amount if they fail to pay their installment on time. The $25 cap aligns with practices in consumer protection laws, which aim to ensure fairness in financial transactions related to vehicle sales. This standardized limit helps maintain transparency and fairness in the car sales industry across the state. Therefore, the correct answer reflects the legal framework established to regulate late fees in Colorado.

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It cannot exceed $50

There is no limit

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